Half of All Homes Are Being Purchased With Cash

 

52 Ovation, Irvine, Ca 92620

52 Ovation, Irvine, Ca 92620

 

Story Via WSJ Real Estate News

August 15th, 2013

More than half of all homes sold last year and so far in 2013 have been financed without a mortgage, according to an analysis by economists at Goldman Sachs Group.

The analysis estimates that around 20% of all homes sold before the housing crash were “all-cash” sales (or around 30% of sales by dollar volume). But over the past seven years, the all-cash share of sales has more than doubled, increasing by more than 30 percentage points, according to economists Hui Shan, Marty Young and Charlie Himmelberg.

The Goldman study analyzed home sales figures from the Census Bureau and the National Association of Realtors and mortgage-origination data from the Mortgage Bankers Association and Lender Processing Services.

The surprisingly large cash-share of purchases helps to explain why home sales have jumped over the past two years despite more muted increases in broad measures of new mortgage activity, such as the MBA’s mortgage application index.

There’s no exact way to know who is responsible for all of these cash purchases, though they are likely to include some combination of investors, foreign buyers, and wealthy homeowners that don’t want to go through the hassle of getting a mortgage before closing on a sale. Mortgage lending standards have sharply tightened up since the housing bubble, with banks scrutinizing borrowers’ tax returns and bank statements to verify their incomes and the source of their down payment.

The Goldman analysis also estimates that around 44 cents of every $1 of homes sold currently is being financed, compared to 67 cents before the crisis.

Purchase-mortgage origination volumes have fallen from around $1.5 trillion in 2005, when the housing market peaked, to around $500 billion in each of the last two years.

While declines in the volume of homes being sold accounts for some of the decline, the Goldman economists estimate that around 40% of the decline is due to the drop-off in the amount of financing per home.

The Goldman analysis estimates that purchase-loan volumes will rise to around $750 billion next year and to $1.1 trillion by 2016.

Interior Design & Staging | The Boutique Real Estate Group | Orange County Real Estate

April 25th, 2013
By Kathy HoughtonThe Boutique Real Estate Group
Via Real Estate Staging Association

Real Estate Staging is the art of preparing and showcasing residential real estate for sale.

It is a systematic and coordinated method in which knowledge of hyper-local real estate, home renovations and creative design principles are applied to attract the vast majority of buyers to a prospective home.  It is part of our teams marketing strategy and an essential part of our teams philosophy in preparing a home for the market in Orange County.

Preparing a property properly involves cleaning, de-cluttering, updating, and repairing, while showcasing the true potential of the home through furniture placement, accessories, art, color and light to create visual appeal to the vast majority of buyers.  They way people live in a home is very different than the way we “sell” a home.

Staging shows buyers the true potential of the home. Buyers view professionally staged listings as “well maintained” and “model-like.”

Our team believes staged homes not only photograph better but also look better in person and will ultimately sell faster.

Thinking about selling?  Give us a call today and we would be happy to give you a staging consult on your home.

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Mortgage News | Orange County | FHA Loans

Via Rick Underwood, Broker | Owner, TNG Mortgage

Great news!  The housing market is showing clear signs of improvement.  And conventional lenders are hinting that they’re going to start to ease underwriting guidelines.  That being said, a very popular type of loan just became a little more expensive – and is about to become a little more restrictive.

One of the most attractive features of FHA mortgages is the low required down payment.  In fact, the majority of FHA loan programs require only 3.5% down.  The downside is mandatory upfront and monthly mortgage insurance (MI).  On April 1, 2013, the monthly mortgage insurance increased by 5-10% depending upon the loan scenario.  At this time, mortgage insurance on FHA loans remains in place for a finite period of time.  And in most cases, FHA will drop the monthly MI payment after five years, provided the homeowner has at least 22% equity.  However, on most FHA loans originated after June 2nd, the monthly MI will remain for the life of the loan.  So, the only way to eliminate the costly mortgage insurance is to refinance.

Our recommendation: If you have considered refinancing your home, or purchasing a new home, you can ensure this new FHA policy does not increase the lifetime cost of the transaction.  If you know the property you plan to purchase or refinance, we can “lock in” the current FHA pricing – even if you cannot complete your transaction for six months.  Call 714-203-8558 for additional information.

 

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Not Today The Movie | www.NotTodayTheMovie.com | In Theaters Nationwide April 12th

via Friends Church Yorba Linda, April 12th, 2013

Caden Welles has the world at his disposal. With the resources of his wealthy father, he’s living life as large as any 20-year-old could dream. But what happens when that dream becomes a nightmare halfway around the world?

Traveling with his friends to Hyderabad, India on a whim, Caden’s expectations of a never-ending party crash hard. But not as hard as his conscience when he refuses to help a starving man and his little girl. Haunted by the images of Kiran and Annika, Caden attempts to right his wrong—only to discover Kiran has been forced to sell his own daughter.

Caden’s eyes are now opened to a world few Americans know still exists: a thriving human-trafficking trade. Add the dehumanization of Kiran and hundreds of millions of other Dalits due to India’s caste system, and Caden could easily turn his back.

Yet spurred by a true purpose, an unlikely new friendship, and the prayers of his mother and girlfriend back home, Caden chooses to help in Kiran’s unlikely search to find his daughter.

Starring Cody Longo, Walid Amini, Shari Rigby, and John Schneider, NOT TODAY challenges moviegoers with a purpose that goes beyond its gripping story. The movie was produced by Friends Church Yorba Linda, a congregation committed to educating the Dalits and ending human trafficking in India.

NOT TODAY is a powerful reminder that change is possible if we’re willing to open our eyes … today.

 

not today

20010 Livorno Ln, Yorba Linda, Ca 92886 | Yorba Linda Home For Sale

HD V-Tour:  http://goo.gl/YKL78
Property Website:  www.20010Livorno.com
Please visit www.TheBoutiqueRE.com for additional information on this single story home in Yorba Linda.
Tucked Into The Hillside of Yorba Linda is Corte Bella at Amalfi Hills, a Community of Luxury Single Family Homes.  Located on a Cul-De-Sac This Single Story Home Boasts 2,405 sq ft of Living Space on an Expanded Approx. 11,000 sq ft Corner Lot Giving You Majestic Sunsets, City Light Views and Ultimate Privacy.  Features Include A Gourmet Chef’s Kitchen, Stainless Steel Professional Grade Appliances, Granite Slab Counters, Magnificent Center Island, Plantation Shutters Throughout & An Open Concept Floor Plan.  Three Bedrooms, 3 Bathrooms, 2 Car Attached Garage with Custom Built-Ins, Formal Dining Room, Formal Living Room & An Expansive Master Suite With French Doors Truly Highlight This Gorgeous Home.  The Master Bath Features A Walk-In Closet, Dual Vanities, Solid Surface Counters, Separate Shower & Elevated Jacuzzi Spa Tub.  Custom Landscaping Surrounds This Home with Flagstone Inserts, Colored Concrete, Perfectly Manicured Landscape, Lush Fruit Trees, Custom Putting Green and an Extra Long Driveway.  Home to Yorba Linda High School and Minutes Away From Black Gold Golf Course, Yorba Linda Country Club, The Nixon Library, World Class Shopping, Fabulous Entertainment & Easy Freeway Access.
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xPlode 2013 | Newport Beach | Technology for Real Estate

Don’t miss this power-packed, one day conference on real estate marketing & technology featuring 12 top speakers from all over the US.

Top sponsors include Realtor.com, Homes.com, Market Leader, Cartavi, Exit Realty, Alos Research, Broadview Mortgage and many others.

Here is the link to the conference  http://xplodethis.com/newport/

 

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Top 99 Realtors on Twitter | Does Your Agent Tweet?

By Raj Qsar via Websitebox-Team

Selling Real Estate 140 Characters at a time.
A look at the national list of the top 99 Realtors who are utilizing Twitter to gain regional & national influence in this social world of ours.  Information is based on the amount of followers, quality of tweets, clout and influence.

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Why video, why now?

Sunday Feb 10th, 2013
By Raj Qsar, Principal | Owner of Premier Orange County Real Estate
@rajqsar

Wikipedia gives us a history of the word emotion as it dates back to 1579, when it was adapted from the French word emouvoir, which means “to stir up.”  This truly puts a capsule around why we have made video a primary marketing footprint for our clients as we transition into 2013.  We are looking to “stir-up” those deep emotions of buyers looking for residential real estate in Orange County, Ca.

We want to showcase the emotion of what its like to live in this particular home, in this particular neighborhood, in this particular city within the curtains of Orange County, Ca.  We start by spending time with our sellers and asking them what they truly love the most about their home, neighborhood & city and what they will miss the most.  This allows us to begin storyboarding our video (we think of videos as mini-movies) around those particular aspects that they love so much and can include hot spots like restaurants, schools, parks, farmers markets or even the weather!

One of our favorite videos was “the pool party” video in a great little town in North Orange County called Brea.  What we showcase here is the true lifestyle of this community and what a buyer and to-be homeowner could expect from living in this family friendly neighborhood.  Video Link Here. One HUGE Vision, Two days of shooting, 1 night shoot, 3 luxury cars, 2 Cinematographers, lots of equipment, 12 “actors,” a ton of edits in post production truly brought to life the unique qualities of this FAB city!

Regardless of price point, the emotional aspect of video can really play a part in a home buyers quest of going from searching for a home to finding a home.  Another fabulous video we produced was for a lower priced Luxury Low Rise Condo in the City of Garden Grove in Orange County called Chapman Commons represented by our very own Jeremy Lehman (who made a cameo appearance in the video with his new puppy Max as well).  Video Link Here.   Listed for $319,000 this property sold for $22,000 more than an identical unit right next door and also closed for $48,000 over the appraised value.   How’s that for stirring up emotions!

Got a chopper?  Ray Fernandez sure does!  How else do we capture the lifestyle of La Habra Heights just on the Orange County & LA border?   This hillside community was built with Rural in mind.  Each property is typically set on at least 1 acre of land, which gives residents & homeowner’s privacy and luxury.  There are no sidewalks or street lights but plenty of wildlife and trails throughout this great city where you can enjoy the great outdoors.  Watch Video Here.  One of the best ways to really capture La Habra Heights and this property is from up above!

Video marketing truly starts with a vision.  What’s your vision for this home, in this neighborhood, in this city?  What do you know about this home, this neighborhood & this city that you want to share.  What makes your city so great?  Once the vision is set then it needs to be put it into motion.  C.S. Lewis says, “There are far better things ahead than any we leave behind.”

Real Estate & Video marketing is nothing new in our industry and just like anything we do to market properties it first begins with an idea.  That idea needs to be captured, created and published for the road ahead.

 

Get To Know La Habra Heights | The Heights | Ray Fernandez

Are you ever tired of the city, the lights, the traffic, the noise? Most people do not realize the tranquility and the rural country feel that La Habra Heights residents enjoy on a daily basis.  La Habra Heights is an equestrian community on the very north end of Orange County and Southern Los Angeles County encompassing about 2,000 homes each with their own unique charm & character.

The community was built with Rural in mind.  Each property is typically set on at least 1 acre of land which gives residents & homeowners privacy & luxury.  There are no sidewalks or street lights but plenty of wildlife and trails throughout this great city where you can enjoy the great outdoors.

Powder canyon is in La Habra Heights and is owned by the Puente Hills Habitat Preservation Authority and offers many options for outdoor activities.  La Habra Heights also has “The Park” located on Hacienda Blvd.  The Park is host to many community events including the Dog Days of Summer, Music in the Park Concert Series and the Avocado festival among others.  We also are home to the Hacienda Golf Club which was designed by Alphonso Bell back in the 1920’s.  The first real clubhouse was built in 1927 & then completely renovated in 2006 and in its 80 year history the layout of the golf course has remained the same and has hosted golf legends Tiger Woods & Gene Sarazen.  The course is also host to golfing events such as The McGregor, The Jewel and The Fiesta.

If you are looking to settle down in the peace & tranquility of southern California then La Habra Heights (The Heights) may be the perfect place to live.

For more information or a tour of this beautiful city call Ray Fernandez today at 562-400-7004.

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